Branson’s hyperloop delivers at speed of flight

The Virgin boss and billionaire wants to develop technology which can move time-sensitive goods “at the speed of flight and closer to the cost of trucking”.

He announced that Virgin Hyperloop One has formed a partnership with DP World to create cargo brand DP World Cargospeed.

(Virgin Hyperloop One)

Items such as fresh food, medical supplies and electronics will be transported at speeds of up to 620mph and complete journeys that take four days by lorry in just 16 hours, according to Sir Richard.

He said: “More and more customers expect products in their hands as soon as possible after purchasing online. This is putting a huge demand on the freight and logistics industry – a demand that will only keep growing.

(Virgin Hyperloop One)

“DP World Cargospeed can create a high-speed logistics and supply chain backbone capable of supporting the on-demand global economy for the next century.”